Amalgamation Scheme India

1. Company Petition No. ______ of ____
Company Application No. ____ of _____
In the _______________
Original Jurisdiction
In the Matter of:
The Companies Act, 1956;
-And-
In the Matter of:
An application Under Sections 391(2) and 394 of
the said Act;
-And-
In the Matter of:
______, a Company incorporated under the
provisions of the Companies Act, 1956, having its
registered office at _____ within the aforesaid
jurisdiction.
-And-
___, a Company incorporated under the provisions
of the Companies Act, 1956, having its registered
office at ___ within the aforesaid jurisdiction.
1. ______,
2. ____

2. 2
Petitioners.
To
The Hon’ble Chief Justice ______________ and his Companion Justices of the said Hon’ble
Court.
The humble petition of the petitioners above named
most respectfully -
SHEWETH:
1. The object of this petition is to obtain sanction of this Hon’ble Court to a Scheme of
Arrangement proposed to be made between _____ and _____ and their respective
shareholder under the Scheme of Arrangement. It is proposed to reorganize and reconstruct
_____ by transferring the ____ including the proposed ___ as defined in the said Scheme, to
_____ together with the assets and liabilities relating thereto on a going concern basis. The
rest of the business, assets and liabilities of _____ shall continue to remain with _____. The
terms and conditions of the reconstruction are fully stated in the said Scheme of arrangement,
a copy whereof is annexed hereto and marked with the letter _____The copy of the order
dated _____referred to in paragraph _____and the Report of Chair person mentioned in
paragraph _____ are annexed hereto and marked _____ respectively.
2. _____ was incorporated on the _____as a public company limited by shares under the
provisions of the Companies Act, 1956. A copy of the latest Memorandum and Articles of
Association of _____now in force is annexed hereto and marked with the letter _____.
a) The registered office of _____ is situated _____, within the aforesaid jurisdiction.
b) _____ has an authorised Share Capital of _____divided into _____Equity Shares of Rs.
10.00 each. _____ has an issued, subscribed and paid up Share Capital of Rs.
_____divided into _____Equity Shares of Rs. 10.00 each fully paid up. A copy of the
latest audited Annual Accounts and Reports of Director and Auditors for the financial
year ended on 31st
March _____ are annexed hereto collectively and marked with the
letter_____

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c) The objects of _____ are set out in its Memorandum and Articles of Association, a copy
whereof is included in Annexure _____ hereto.
d) Shortly after incorporation, _____ commenced its business. At present _____is engaged
in the businesses of running and operating ____ including providing various intra-
structural facilities for industries within and outside India.
e) The accounts of _____have been audited as at 31st
March _____. A copy of the audited
Balance sheet of _____ as on the said date including the related Profit & Loss Account,
the Auditors’ Report and the Directors’ Report thereon are already included in Annexure
_____hereto. As is clear, inter alia, from the said Auditors” Report, _____ has maintained
proper books of account as required by law. The following summary extracted from the
said accounts of _____ as at 31st
March, _____ indicates the financial position of _____
as follows:
i) _____ has neither issued nor agreed to issue any debentures.
ii) Apart from the Current Liabilities and Provisions which are incurred and disposed of
in the normal course of business, _____ had the following liabilities:
As at
____
As at
___
i) Secured Loans
ii) Unsecured Loans
Total
iii) Paid-up Share Capital.
Add Reserves & Surplus
Less Debit balance in Profit & Loss Account. NIL NIL
Net Shareholders’ Funds.
Assets (including Current Assets)
Liabilities (including Current Liabilities and Provisions)
Excess of Assets over Liabilities.

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(Amount in rupees)
f) Subsequent to the aforesaid accounts of _____, there has been no substantial change in
the financial position of_____ excepting those arising or resulting from the usual course
of business.
3. _____, a Company formerly known as _____was originally incorporated on the _____. The
name of _____was changed to _____on the _____. This is evident from the letter from the
Registrar of Companies, bearing number _____dated _____. I crave leave to refer to this
letter at the time of hearing if necessary. _____ is a public company limited by shares under
the provisions of the Companies Act, 1956. A copy of the latest Memorandum and Articles
of Association of _____ now in force is annexed hereto and marked with the letter _____
a) The registered office of _____ is situated at _____, within the aforesaid jurisdiction.
b) _____ has an authorised Share Capital of _____Equity Shares of _____each. __________
has an issued, subscribed and paid up Share Capital of Rs. _____divided into _____
Equity Shares of Rs. 10/- each fully paid up. A copy of the latest audited Annual
Accounts and Reports of Directors and Auditors of _____ for the financial year ended on
31st
March _____ are annexed hereto collectively and marked with the letter _____.
c) The objects of _____ are set out in its Memorandum and Articles of Association, a copy
whereof is included in Annexure ___ hereto.
d) At present, _____ is not doing any business, but has identified to carry on the business of
______ activities
e) The accounts of ____ have been audited as at 31st
March, ___-. A copy of the audited
Balance sheet of ____ as on the said date including the related Profit & Loss Account, the
Auditors’ Report and the Directors’ Report thereon are included in Annexure ____
hereto. As is clear, inter alia, from the said Auditors” Report, ____ has maintained proper
books of account as required by law. The following summary extracted from the said
accounts of _____as at 31st
March, _____ indicates the financial position of ____ as
follows:

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i) _____ has neither issued nor agreed to issue any debentures.
ii) Apart from the Current Liabilities and Provisions which are incurred and disposed of
in the normal course of business ________ had the following liabilities:
As at
_______
As at
________
Paid-up Share Capital.
Less Misc. Expenditure (not written off or adjusted)
Debit balance in Profit & Loss Account.
Total
Net Shareholders’ Funds.
Assets (including Current Assets)
Liabilities (including Current Liabilities and
Provisions)
Excess of Assets over Liabilities. (__________) (_________)
(amount in rupees)
f) Subsequent to the aforesaid accounts of __________, there has been no substantial
change in the financial position of _________ excepting those arising or resulting from
the usual course.
4. The circumstances which justify and/or necessitate the said Scheme of Arrangement are,
inter alia, as follows:
a) ____________is engaged in following business activities:
i) Running of a ______________ and production of ___________ suitable for various
trades and industries in India and in particular for the integrated
__________________ in and outside India.
ii) As manufacturers, producers, rollers, re-rollers, founders, meters, smelters, refiners,
makers, repairers, converters, agents, brokers, readers, dealers, stockiest, distributors,
importers and exporters of all types of ____________ and all kind of engineering
goods, including machine tools, mechanicals, electrical and electronic goods and raw
materials, intermediates, bye products, scraps, alloys, castings, forgins, semi finished,
finished, products, and allied products of the things mentioned above.

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iii) Establishing, operating and running ________ including inter alia the proposed
__________allotted to ______ for which all necessary approvals from the requisite
departments had been obtained and lease dated ________ has been executed by the
Deputy Commissioner of ________ on behalf of Governor of _________ in favour of
_________pursuant thereto.
b) The considerations and factors involved in running of the aforesaid business are different
and divergent in nature.
c) For the independent and optimum growth and development of the said businesses of
____, it is considered desirable and expedient to reorganise and reconstruct ____ by
transferring the proposed ___________ together with all benefits, privileges and
advantages to the application made, approval and allotment obtained relating to the said
project to _____ and rationalizing and adjusting the capital structure of _____ in the
manner and on the terms and conditions stated in the said Scheme of Arrangement.
d) The arrangement will enable the ___________ of _________ to be controlled, managed
and run more conveniently and advantageously through separate company with
independent management set up and greater focus and attention, which cannot be
conveniently carried out by _____ as a single concern having several activities and units.
e) The Scheme will allow ___________ and ________ to rationalise and streamline the
existing administrative and management set up in respect of the said businesses and
undertakings of ______ eliminate bottlenecks; enable the said companies to take quick
and timely decisions concerning the running of the respective businesses and responding
to changes taking place in the nature and method of carrying on such businesses; ensure
proper budgetary, financial and administrative control over and in respect of the activities
of the said undertakings with greater accountability; and result in better planning and
monitoring of operations.
f) The Scheme will lead to better and more effective management of the businesses and
undertakings of _____ and assist in the exploitation of the potential of proposed
___________together with all benefits, privileges and advantages to the application

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made, approval and allotment obtained relating to the said project of __________ as
independent profit centres to the fullest extent.
g) The Scheme will enable ________ and ______ to undertake their businesses with already
established divisions.
h) There would be no reduction of the Share Capital of _________. The Scheme, would
rationalise and adjust suitably and appropriately, the relationship between capital and
assets of _____ consequent to the reconstruction.
i) In general the aforesaid business will be carried on more profitably after the
implementation of the Scheme and the Scheme will contribute in furthering and fulfilling
the objects of the Companies concerned.
j) The Scheme will have beneficial results for the said Companies, their shareholders and
all concerned.
5. The Board of Directors of the applicant Companies have at their respective Board Meetings
by a Resolution passed unanimously approved the said scheme of arrangement.
6. By an order made in Company Application ______________ on the ___________ this
Hon’ble Court was pleased to direct that separate meetings of the Equity Shareholders of
________________ and ________________ be convened and held for the purpose of
considering and, if thought, fit, approving with or without modification the said Scheme of
Arrangement. The said order further directed that:
A copy of the said order dated _________ is already annexed hereto and marked with letter
______.
7. Notice of the said meetings was served individually, under certificate of posting on each of
the said Equity Shareholders of _____________ and _______________. As required by the
said order together with a copy of the said Scheme of Arrangement and a copy of the
statement required Under Section 393 of the Companies Act, 1956 and a form of Proxy,
Notice convening meeting of the Equity Shareholders were also published once each in
______________ and ________________ as directed by the said order in their respective

8. 8
issues both dated _____________. Copies of the two advertisements are annexed hereto and
marked with the letter ______ and the applicants crave leave to refer to the proof of services
to individual shareholders at the time of hearing if necessary.
8. On the ______________ the said meeting of the Equity Shareholders of _______________
AND ______________ duly convened in accordance with the said order were held at
__________________.
9. _______________ acted as the Chairperson of the said meeting of the Equity Shareholders of
both ______________ AND ___________ respectively.
10. The said meeting of __________, it was attended by Proxy by ______ Equity Shareholders
of _______ entitled collectively to _______ Equity Shareholders of Rs. ______ each fully
paid up. The said scheme was taken to be read out and explained by the said Chairperson to
the meeting and the said Shareholders attending and voting at the said meeting unanimously
approved the said Scheme without any modification.
11. The said meeting of ____________, it was attended by Proxy by ______ Equity Shareholders
of __________________entitled collectively to _______ Equity Shareholders of Rs. ______
each fully paid up. The said scheme was taken to be read out and explained by the said
Chairperson to the meeting and the said Shareholders attending and voting at the said
meeting unanimously approved the said Scheme without any modification.
12. The said Chairperson has reported the result of their respective meetings to this Hon’ble
Court. True copy of the said reports are already annexed hereto and marked with letter
_____.
13. The assets of the petitioner Companies are sufficient to meet all their liabilities and the said
scheme will not adversely effect the rights of any of the creditors of any of the petitioners
Companies in any manner whatsoever. The petitioner Companies have made due provisions
for payment of all liabilities as and when the same will fall due. In this connection we crave
leave to refer to the accounts book and records of the petitioner Companies at the time of
hearing, if necessary.

9. 9
14. The said scheme provided inter alia, that _____ would continue to pursue all applications for
grant of lease for ____________ and for obtaining all permissions, approval, consent,
required for obtaining of ___________________and if necessary to obtain all leases,
approvals, consents, licences etc. in the name of _____________ for an on account of and in
trust of __________. In accordance with the terms of the Scheme, ________ continued to
take all necessary steps for grant of the lease. Finally, subsequent to the meetings of the
shareholders of _______________ and __________ in terms of the order dated
_____________, a lease dated _____________ has been executed in favour of _________ in
respect of the said _______. Pursuant thereto all necessary work is being undertaken to get
the said ________ operational at an early date.
15. In accordance with the Order dated _________________, the Chairpersons of the respective
meetings had been given five weeks from the date of the order respective meetings to file
their reports. Such reports were filed on _____.
16. ______________was given to understand that the lease deed would be executed and
forwarded to ______ at an early date. Accordingly, the Applicants in their bonafide belief
that the receipt of the duly executed lease deed was a pre requisite of the filing of the
application, did not file the necessary application which had already been made ready.
17. However, due to administrative delays, the duly executed copy of the lease deed was not
made available to ___________ until ________. The instant application is being made
immediately after receipt of the said executed deed of lease.
18. The Applicants have been advised that the said application was required to be made within
seven (7) days from the date of filing of the reports by the Chairpersons i.e. ______, the same
was not possible due to the circumstances mentioned hereinabove. In particular, the signing
and execution of the lease was an important event subsequent to the holding of the meetings
of the applicant companies, necessary to be brought on record. The delay in receiving the
said lease was caused due to circumstances, wholly beyond the control of the applicants and
as such the applicants pray that the delay in making such an application be condoned.

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19. Condonation of such delay would endure to the benefit of the applicant companies and their
respective shareholders and would also prevent any multiciplity of proceedings.
20. There are no proceedings pending under Sections 235 to 252 of the Companies Act, 1956
against any of the petitioner Companies.
21. This petition is made bonafide and in the interest of justice.
22. No one will be prejudiced if the proposed Scheme of Arrangement is sanctioned and the
sanction of the said Scheme will benefit and is in the interest of the said Companies, their
Shareholders and all concerned.
23. The petitioners will suffer irreparable loss and prejudice unless an order is made as prayed
for.
24. It is just and equitable that this Hon’ble Court be pleased to confirm the said Scheme of
Arrangement.
25. Your petitioner state and submit that pursuant to Section 394A of the Companies Act, 1956
the notice of this petition be served on the Central Government, through the Regional
Director, Department of Company Affairs, _______.
Your petitioners therefore, humbly prays Your
Lordships for an order that:
a) Delay in making of the instant application be
condoned.
b) The Scheme of Arrangement mentioned in
paragraph 1 of this petition being Annexure ___
hereto be sanctioned by this Hon’ble Court to
be binding with effect from the
_______________or from such other date as
this Hon’ble Court may fix on the Applicants

11. 11
Nos. 1 and 2 herein and their respective
shareholders and all concerned.
c) All the properties, rights and interest of
______________________ as described in the
Schedule of Assets herein be transferred
without further act or deed to ______________
the Applicant No. 2 and accordingly the same
shall pursuant to Section 394(2) of the
Companies Act, 1956 be transferred to and vest
in ________________ for all the estate and
interest of ______________________ subject
nevertheless to all charges now affecting the
same.
d) All the debts liabilities, obligations and duties
of ________________________ including
those as described in the Schedule of Assets be
transferred without further act or deed to
____________________and accordingly, the
same shall pursuant to Section 394(2) of the
Companies Act, 1956 be transferred to and
become the debts, liabilities obligation and
duties of ________________________.
e) All proceedings and/or suits and/or appeals now
pending by or against the __________________
be continued by or against
__________________.
f) ___________________ do issue and allot to the
shareholder of the ________________ the

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shares in ________________ to their entitled
under clause _______ of Scheme.
g) Leave to be granted to the petitioners to file the
Schedule of assets of ________________
relating to __________________ as stated in
paragraph ______ of the petition within six
weeks from the date of the order to be made
herein.
h) _______________________ be directed to file
the certified copies of the order within 30 days
from the date of issue of such certified copies
with the Registrar of Companies, _______ for
registration.
i) Any person interested shall be at liberty to
apply to this Hon’ble Court in the above matter
for such directions as may be necessary.
j) Such further or other order or orders be made
and/or directions be given as to this Hon’ble
Court may deem fit and proper.
And your petitioners as in duty bound shall ever pray.